Mid-Day Breakouts Report - Wednesday, March 8th, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 8TH, 2023
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DOW 32827.75 -28.71 (-0.09%) | NASDAQ 11600.32 69.99 (0.61%) | S&P 500 4000.2 13.83 (0.35%)

Time of Screening : 3/8/2023 12:08:04 PM Report Released : 3/8/2023 1:11:05 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 57.5% of 50 Day Average at the time of the screening.
More details about this report...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Pivot Point
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
ANET - NYSE Arista Networks, Inc	$147.59	+4.72 3.30%	$147.80	1,375,905 63.32% of 50 DAV 50 DAV is 2,173,000	$145.17 1.66%	3/8/2023	$147.59	PP = $148.67 MB = $156.10
Most Recent Note - 3/8/2023 12:16:29 PM Y - Color code is changed to yellow with pivot point cited based on its 12/27/21 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong after it reported Dec '22 quarterly earnings +72% on +55% sales revenues versus the year ago period. Showed resilience since sputtering below its 200 DMA line after dropped from the Featured Stocks list on 12/22/22. >>> The latest Featured Stock Update with an annotated graph appeared on 12/9/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALG - NYSE - MANUFACTURING - Farm & Construction Machinery Alamo Group Inc	$183.04	-1.23 -0.67%	$184.38	$186.37	-1.79%	39,123 67.45%	58,000
Most Recent Note for ALG - 3/8/2023 12:09:15 PM Hovering near its all-time high following an impressive streak of volume-driven gains. Reported earnings +51% on +15% sales revenues for the quarter ended December 31, 2022 versus the year ago period, its 2nd strong quarter. Fundamental concerns remain. Earnings increases in prior quarters have been below the fact-based investment system's guidelines and annual earnings had a downturn in FY '19 and '20.
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BBSI - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Barrett Business Svcs	$91.62	-1.63 -1.75%	$93.80	$100.85	-9.15%	44,580 74.30%	60,000
Most Recent Note for BBSI - 3/8/2023 12:18:29 PM Violated its 50 DMA line with a big volume-driven loss on 3/02/23, abruptly retreating from near its 52-week high. Prior mid-day reports cautioned members "Reported Dec '22 quarterly earnings +19% on +6% sales revenues versus the year ago period and fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) history has not been strong and steady."
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DOV - NYSE - CONGLOMERATES - Conglomerates Dover Corp	$153.53	+0.72 0.47%	$154.45	$162.88	-5.74%	560,715 70.80%	792,000
Most Recent Note for DOV - 3/8/2023 12:20:57 PM Went through a deep consolidaytion since last noted with caution in the 2/04/22 mid-day report. Reported Dec '22 quarterly earnings +21% on +8% sales revenues versus the year ago period. Earnings increases in quarterly comparisons have not been strong and steady above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history included a downturn in FY '20.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$76.47	+0.87 1.15%	$76.79	$79.08	-3.30%	85,297 83.62%	102,000
Most Recent Note for DSGX - 3/8/2023 12:21:37 PM Prior mid-day reports noted - "Reported Jan '23 quarterly earnings +55% on +11% sales revenues versus the year ago period. Prior quarterly earnings growth has not been strong and steady above the +25% minimum (C criteria)."
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HCA - NYSE - HEALTH SERVICES - Hospitals H C A Holdings Inc	$251.75	+6.42 2.62%	$252.97	$279.02	-9.77%	821,735 67.41%	1,219,000
Most Recent Note for HCA - 3/8/2023 12:23:54 PM Reported earnings +5% on +3% sales revenues for the Dec '22 quarter versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings (C criteria) guideline. Annual earnings history included a downturn in FY '22. Completed Secondary Offerings on 12/12/12, 10/29/13, and 5/21/14. Has a new CEO as of 1/01/14.
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IBP - NYSE - DIVERSIFIED SERVICES - Business/Management Services Installed Building Products, Inc	$113.68	-1.18 -1.03%	$115.49	$121.60	-6.51%	137,235 63.83%	215,000
Most Recent Note for IBP - 3/8/2023 12:24:26 PM Reported Dec '22 quarterly earnings +71% on +29% sales revenues versus the year ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong. Faces resistance due to overhead supply up to the $141 level. Went through a deep consolidation since noted in the 5/25/21 mid-day report.
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IMXI - NASDAQ - Financial Svcs-Specialty International Money Express	$25.41	-0.28 -1.09%	$28.24	$27.81	-8.63%	268,114 75.10%	357,000
Most Recent Note for IMXI - 3/8/2023 12:27:17 PM Gapped up today then quickly made a "negative reversal" after hitting a new 52-week high. Reported Dec '22 quarterly earnings +15% on +21% sales revenues versus the year ago period. Two of the 3 latest quarterly comparisons were below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. It was dropped from the Featured Stocks list on 9/01/22.
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LNTH - NASDAQ - Medical-Products Lantheus Holdings Inc	$74.50	+2.13 2.94%	$76.94	$87.47	-14.83%	634,232 64.52%	983,000
Most Recent Note for LNTH - 3/8/2023 12:31:30 PM Faces resistance due to overhead supply up to the $87 level. Reported earnings +448% on +103% sales revenues for the Dec '22 quarter versus the year ago period. Recent comparisons were well above the +25% minimum earnings guideline (C criteria) with very strong sales revenues growth. Annual earnings (A criteria) history had a big downturn in FY '20 and remained near the same level in FY '21 before recovering and increasing greatly in FY '22.
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MBC - NYSE - Hsehold-Appliances/Wares MasterBrand Inc	$9.20	-0.36 -3.72%	$9.40	$10.21	-9.94%	1,005,561 59.85%	1,680,000
Most Recent Note for MBC - 3/8/2023 12:35:58 PM Fundamental concerns remain.
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MLI - NYSE - MANUFACTURING - Metal Fabrication Mueller Industries Inc	$74.44	+0.89 1.21%	$74.75	$76.00	-2.05%	338,394 94.79%	357,000
Most Recent Note for MLI - 3/8/2023 12:37:38 PM Hovering near its 52-week high since last noted with caution in the 2/07/23 mid-day report - "Reported Dec '22 quarterly earnings +11% on -8% sales revenues versus the year ago period, its 2nd quarterly earnings comparison below the +25% minimum guideline (C criteria). Annual earnings history had a slight downturn in FY '19, not a great match with the fact-based investment system's guidelines."
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MNSO - NYSE - RETAIL - Discount, Variety Stores Miniso Group Hldg Cl A	$18.97	+0.36 1.93%	$18.99	$19.49	-2.67%	1,084,439 70.69%	1,534,000
Most Recent Note for MNSO - 3/8/2023 12:38:48 PM Perched near its 52-week high today following noted volume-driven gains but it still faces resistance due to overhead supply up to the $35 level. Reported Dec '22 quarterly earnings +55% on -17% sales revenues versus the year ago period. Prior mid-day reports noted - "Quarterly and annual earnings history has not been strong and steady while sales revenues have been waning. Faces resistance due to overhead supply up to the $35 level."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$141.54	-2.38 -1.65%	$141.77	$145.94	-3.01%	3,788,730 279.82%	1,354,000
Most Recent Note for NVO - 3/8/2023 12:41:55 PM Fundamental concerns remain. Reported Dec '22 quarterly earnings +19% on +18% sales revenues versus the year ago period. This Denmark-based Medical - Ethical Drug firm found prompt support at its 50 DMA line ($139) on the recent pullback.
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OVLY - NASDAQ - Banks-West/Southwest Oak Valley Bancorp	$27.15	-0.12 -0.44%	$27.54	$28.00	-3.04%	35,814 170.54%	21,000
Most Recent Note for OVLY - 3/8/2023 12:45:21 PM Hovering near its 52-week high enduring distributional pressure. Last noted with caution in the 1/27/23 mid-day report - "The quarterly comparisons in Sep and Dec '22 had earnings increases above the +25% minimum guideline (C criteria), but 4 prior quarterly comparisons were sub par. Annual earnings (A criteria) history has been strong and steady."
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PLBC - NASDAQ - Banks-West/Southwest Plumas Bancorp Quincy Ca	$41.44	+0.39 0.95%	$41.81	$45.31	-8.54%	8,007 66.73%	12,000
Most Recent Note for PLBC - 3/8/2023 12:48:59 PM Consolidating just above its 50 DMA line ($40.33). Reported Dec '22 quarterly earnings +42% on +26% versus the year ago period. Prior 4 quarterly earnings increases were below the +25% minimum guideline (C criteria).
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PLPC - NASDAQ - MATERIALS & CONSTRUCTION - Heavy Construction Preformed Line Products	$124.29	+2.62 2.15%	$126.12	$124.70	-0.33%	13,800 115.00%	12,000
Most Recent Note for PLPC - 3/8/2023 1:01:31 PM Extended from any sound base and hitting a new all-time high with today's 5th consecutive volume-driven gain. Through the Dec '22 quarter 3 of the past 4 quarterly comparisons versus the year ago period had earnings per share up +25% or more (C criteria). Annual earnings had a downturn in FY '19.
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RDN - NYSE - INSURANCE - Surety & Title Insurance Radian Group Inc	$22.96	+0.31 1.37%	$23.10	$23.97	-4.21%	826,206 63.26%	1,306,000
Most Recent Note for RDN - 3/8/2023 1:07:24 PM Gapped up on 3/06/23 approaching previously stubborn resistance in the $23-24 area. Through Dec '22 its quarterly earnings and sales revenues history is not a match with the fact-based investment system's fundamental guidelines.
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TGLS - NASDAQ - Bldg-Constr Prds/Misc Tecnoglass Inc	$41.63	-0.06 -0.14%	$41.99	$42.90	-2.96%	187,584 73.56%	255,000
Most Recent Note for TGLS - 3/8/2023 1:09:45 PM Hovering near its all-time high following volume-driven gains, extended from prior highs in the $35 area. The 3/03/23 mid-day report noted - "Reported very strong quarterly results through Dec '22 versus the year ago periods with solid sales revenues growth. Annual earnings history (A criteria) included a downturn in FY '19 and has been up and down, not a great match with the fact-based investment system's fundamental guidelines."
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UBS - NYSE - BANKING - Money Center Banks U B S Ag	$21.46	-0.10 -0.46%	$21.57	$22.30	-3.77%	2,377,650 121.68%	1,954,000
Most Recent Note for UBS - 3/8/2023 1:10:51 PM Reported Dec '22 quarterly earnings +32% on +15% sales revenues versus the year ago period. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.
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